Despite massive price appreciation, Axie Infinity isn’t done developing its metaverse. Is crypto gaming, thanks to Axie, gearing up to step another leg higher? Covered: Axie Infinity Development Update Axie Infinity Ecosystem Growth AXS Price Action Blockchain gaming has been one of the hottest trends in the 2021 crypto bull run. While Axie Infinity led […] The post New Axie Infinity Development Could Send AXS Even Higher appeared first on CryptosRus.

New Axie Infinity Development Could Send AXS Even Higher

Despite massive price appreciation, Axie Infinity isn’t done developing its metaverse. Is crypto gaming, thanks to Axie, gearing up to step another leg higher?

Covered:

  • Axie Infinity Development Update
  • Axie Infinity Ecosystem Growth
  • AXS Price Action

Blockchain gaming has been one of the hottest trends in the 2021 crypto bull run. While Axie Infinity led the first charge, the gaming crypto lost traction after topping out at $165 in November. After pulling back and having some time to cool off, AXS investors look ready to send the token higher.

RECOMMENDED: SOMEONE JUST PAID MILLIONS TO BUY A PLOT OF LAND IN AXIE INFINITY

Axie Infinity Development Update

Axie Infinity is one of the first and few successful play-to-earn blockchain games to date. In a recent December development update from the team, Axie developers highlight one of the biggest upgrades coming to Axie Infinity – virtual land. Land in Axie Infinity will allow Axies to build bases, gather resources, and use crafting mechanics to compete against others to control Lunacia, the in-game realm.  

According to the team, the land will enable creators to both decorate environments and create custom gaming experiences.

This past month, the land team at Axie infinity:

  • Welcomed a new art director, who has helped develop the game’s signature style
  • Introduced a number of new assets into the experience, such as buildings and the surrounding environment
  • Further developed resource production, gathering and crafting mechanics

After initially aiming for a Q4 release, the team is anticipating the update to launch in 2022, with more specific updates to come as timing becomes clearer. 

While it’s not coming in the immediate future, the roadmap Axie infinity has laid out should give AXS investors a lot to look forward to in the coming months. 

Axie Infinity Ecosystem Growth

The price appreciation isn’t the only staggering statistic that Axie has to offer. In the last month, the blockchain game has seen a steep uptick in holder count, onboarding over 500,000 new AXS holders, with the total number of AXS holders quickly approaching 3,000,000.

Additionally, users have been breeding new Axies at a blistering pace. The 10 millionth Axie was recently bred according to public data from Maxbrand99, marking a major milestone in the game’s growth.

Finally, the native AXS decentralized exchange, Katana, has spurred on major growth on AXS’s Ronin blockchain. As of December 9th, Ronin’s transaction volume has grown to roughly 4x the number of daily transactions of the Ethereum blockchain, according to analysis from NansenAI.

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AXS Price Update

Looking at the charts, AXS is pumping strong alongside the rest of the crypto market. At the time of writing, AXS is trading at $107.41.

AXS bounced nicely off support at $90, coinciding with a low relative strength index (RSI) that marked local bottoms at previous levels.

Take a look at the year-to-date (YTD) returns of some of the major cryptocurrencies as compared to AXS, provided by the widely followed crypto trader Hsaka.

While the price may have been relatively stagnant since October, AXS’s YTD performance (17,426%) still sits at #1 compared to other top performers like MATIC, LUNA, SAND, FTM, and SOL. We’ll have to see if AXS maintains that top spot, but as long as the bull trend continues, I think we can expect to see AXS move higher in the coming months.

The post New Axie Infinity Development Could Send AXS Even Higher appeared first on CryptosRus.